Compare Plus500 vs RoboMarkets - CFD Broker Comparison

Compare Plus500 vs RoboMarkets

Plus500 vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100Web Trader & Apps2,000+CySEC, FCA, ASIC, FSCA, FMA, MAS & IE
$100MT4, MT5, R Trader11,000+CySEC

Plus500 vs RoboMarkets Comparison

Both of these brokers offer user friendly web traders. RoboMarkets provides as well MT4 and MT5. On all its platforms RoboMarkets supports trading with robots and also provides other platforms to copy trade. Plus500 focuses on providing an intuitive platform for the trader who executes their own trades, with a relatively wide range of technical indicators and other charting tools.

Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546.

RoboMarkets is regulated by the CySEC in Cyprus.

Quick comparison

RoboMarkets has more markets than Plus500 on its web trader, but Plus500 has a wider range. RoboMarkets also offers MT4 and MT5, with considerably less markets, but competitive for ECN trading.

Minimum deposit and account types

The minimum deposit for Plus500 is $100. The minimum deposit for RoboMarkets is $100.

  • Plus500 provides CFD trading. It offers an Economic Calendar on its website covering news events and market effects.
  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers an MT4 Prime account. RoboMarkets's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying). RoboMarkets's minimum deposit for all accounts except MT4 Prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots. RoboMarkets provides a range of tools including analysis, an economic calendar, webinars and education. It offers the R Trader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.

Markets

  • Plus500 offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, ETFs, Soft Commodities, Bonds and Options, with 2000+ available.
  • RoboMarkets offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, ETFs and Soft Commodities, for a total of 11,000+.

Plus500 provides 55+ Forex pairs, RoboMarkets provides 45+ Forex pairs (on R Trader).

Cryptocurrency CFDs

  • Plus500 provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, EOS, IOTA, NEO, Monero, Stellar, Cardano and TRON.
  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, EOS, IOTA, NEO, Dash, Bitcoin Gold, Golem, OmiseGO, Qtum and Monero.

Spreads and leverage

  • Plus500 offers fixed and variable spreads depending on the instrument.
  • RoboMarkets offers Forex spreads from 1.3 without a commission charge and low spreads with a commission charge.

Maximum leverage for Plus500 is . Maximum leverage for RoboMarkets (CySEC regulated) is .

Commissions

  • Plus500 does not charge commissions.
  • RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Platforms

Plus500 provides a web trader and apps on a range of devices. RoboMarkets offers MT4 and MT5 desktop, MT4 and MT5 apps, MT4 and MT5 web traders and R Trader.

Why Plus500 or RoboMarkets ?

Both offer web traders with a relatively large number of markets, thus supporting traders who wish to trade making their own trading decisions. While RoboMarkets has more markets on its R Trader web trader, Plus500 has a wider range. RoboMarkets also provides MT4 and MT4 and ECN trading accounts, supporting traders who with to use automated trading strategies.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers user friendly web traders
  • RoboMarkets has more markets on its R Trader web trader than Plus500
  • Plus500 offers a wider range of markets to trade
  • RoboMarkets also provides MT4 and MT5
  • RoboMarkets supports trading with robots and copy trading

Plus500

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